Welcome to our dedicated page for Fedex news (Ticker: FDX), a resource for investors and traders seeking the latest updates and insights on Fedex stock.
FedEx Corporation (NYSE: FDX) generates a steady flow of news that reflects its role in global transportation, e‑commerce, and business services. On this page, readers can follow FDX news related to earnings, strategic transformation, capital markets activity, and operational developments across its worldwide network.
Recent FedEx news releases have highlighted year‑over‑year earnings growth, revised revenue and earnings outlooks, and updates on structural cost reduction initiatives tied to programs such as Network 2.0 and DRIVE. The company has reported on its plans to spin off FedEx Freight into a separate publicly traded company, including progress on regulatory filings, credit agreement amendments, and the build‑out of the FedEx Freight leadership team ahead of the separation.
Investors can also see announcements about dividends declared by the FedEx Board of Directors, share repurchase activity, and debt offerings or exchange offers for various series of notes listed on the New York Stock Exchange. These items provide insight into FedEx’s capital allocation priorities, balance sheet management, and financing strategy.
Beyond financial and corporate actions, FedEx news covers digital and data initiatives, such as the appointment of a chief digital and information officer and the expansion of FedEx Dataworks. Releases describe collaborations that combine FedEx network data with AI platforms to improve supply chain workflows and procurement decisions. Other stories showcase the company’s economic impact, sustainability efforts, and community partnerships, including its long‑standing support for Orbis International’s Flying Eye Hospital.
By reviewing the FDX news stream, readers can track how FedEx manages its global network, advances its transformation programs, and communicates with stockholders and customers. This page offers a centralized view of official company announcements, making it easier to monitor key developments affecting FedEx Corporation and its stock.
FedEx Corp. (NYSE: FDX) announced the winners of its tenth annual Small Business Grant Contest, recognizing ten businesses with significant cash awards and services. This year's grand prize of $50,000 and $4,000 in FedEx services went to three businesses: Kulture Khazana, Niche Snowboards, and Terra Beauty. Additionally, first-place winners received $20,000 and $1,500 in services. In total, the contest received a record of nearly 18,000 entries and has awarded over $1.67 million since inception, emphasizing the importance of supporting small business growth.
Orbis International, supported by FedEx, has launched a ten-week virtual training project in Vietnam to enhance eye care professionals' skills in treating glaucoma, a leading cause of blindness. This initiative addresses the increasing number of glaucoma cases, especially among younger populations, amid shortages of skilled professionals. Training includes virtual lectures, pre-learning courses, and simulation practices, enabling participants to practice complex procedures safely. FedEx has committed over US$22 million to support Orbis’s mission.
FedEx Express is collaborating with Elroy Air to test autonomous air cargo systems aimed at middle-mile delivery in 2023. This partnership marks a significant step in logistics innovation, utilizing Elroy Air's Chaparral aircraft, which can autonomously transport 300-500 pounds of cargo over distances of up to 300 miles. The collaboration is part of FedEx's strategy to enhance safety and efficiency in logistics operations, responding to the growing demand for reliable transportation solutions in the e-commerce sector.
FedEx Corp. (NYSE: FDX) announced leadership changes effective June 1, 2022. Frederick W. Smith will transition to Executive Chairman, while Raj Subramaniam, previously President and COO, will become President and CEO. R. Brad Martin has been appointed non-executive Vice Chairman, with a focus on Board governance. Subramaniam, with over 30 years of experience, aims to drive FedEx's future innovations while maintaining its core values. FedEx, generating $92 billion in annual revenue, is committed to achieving carbon-neutral operations by 2040.
FedEx Office has partnered with Notarize to launch the FedEx Office Online Notary, providing digital notarization services 24/7. This service allows users to notarize documents conveniently from any location through a video conference with a commissioned notary. Notarizations are priced at
FedEx Corp. (NYSE: FDX) reported a strong third-quarter performance for the fiscal year ending February 28, with revenue reaching $23.6 billion, up from $21.5 billion a year prior. Operating income surged 32% year-over-year to $1.33 billion, while net income was $1.1 billion, translating to a diluted EPS of $4.20. Despite challenges from the Omicron variant and rising transportation costs, the company expects earnings per diluted share between $18.60 and $19.60 for the fiscal year. FedEx aims for continued growth amidst improving labor availability and stable fuel prices.
FedEx Corp. (NYSE: FDX) has announced the retirement of CEO Donald F. Colleran, effective December 31, 2022, after nearly 40 years with the company. Richard W. Smith, regional president of the Americas, will succeed him as CEO of FedEx Express, transitioning roles on April 1, 2022, and officially taking over on September 1, 2022. Colleran is recognized for his significant contributions, especially in international growth during his tenure. Smith has been with FedEx since 2005, holding various leadership roles, and has been involved in key initiatives such as the electric vehicle strategy.
FedEx Corp. (NYSE: FDX) announces the appointment of Chris Winton as the new corporate vice president of human resources, succeeding Judy Edge, effective May 1, 2022. Winton, a 25-year FedEx veteran, aims to enhance recruitment and retention strategies, focusing on diversity, equity, and inclusion. Edge will support the transition as an executive advisor until her retirement on July 31, 2022. Chairman Frederick W. Smith expressed confidence in Winton's capabilities, citing his strategic approach to workforce challenges.
The Board of Directors of FedEx Corp. (NYSE: FDX) has declared a quarterly cash dividend of
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